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Henrik

@Henrik_on_HL

Lighter has closed the Open Interest gap to Variational. Just one week ago, Lighter was sitting below $950M in OI. Since then, it has surged to roughly $1.25B, putting it much closer to Variational again. x.com/Henrik_on_HL/status/2092…

10:00 AM · Aug 25, 2026 · 5.7K Views

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14 replies collected

Victor.hl @VictorTopDefiG · Aug 25 A

@Henrik_on_HL the metrics is correlating to price atleast!! Almost at $4B fdv

CryptoMadbad @CryptoMadbad · Aug 25 C

@Henrik_on_HL Perp Dex Season Henrik , what a time to be alive.

Supreme.var @supremecripto · Aug 25

@Henrik_on_HL Wait until they launch SWAPS and it will expand again

Hustle Hermit @Rednatic2 · Aug 25 B

@Henrik_on_HL Lets have both at 4.2 billion FDV, i want my cake and eat it too please

Neetizen @neet2riches_2 · Aug 25 C

@Henrik_on_HL Its back down to $1B. This is the most updated link afaik..all thanks to @hansolar21

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Deeyarh🌸 @deey_yarh · Aug 25

@Henrik_on_HL Variational is a chain?

1 1

ceftrek @C_E_F2 · Aug 25

@Henrik_on_HL That’s robinhood x lighter drop. OI incentives average points + market green candles. That was all (timing). Bullish for var

atlas @atlasl00t · Aug 25

@Henrik_on_HL Is it true that Variational is still in invite only testing and isn't even public yet? Is it also true that Variational hasn't enabled API yet?